2011-02-19T16:12:22-06:00 2010-08-31 OSTROW REISIN BERK & ABRAMS LTD 455 N CITYFRONT PLAZA DR STE 1500 CHICAGO IL 606115313 990 2009-09-01 363675466 DANIEL MURPHY SCHOLARSHIP FUND DANI 3124557800 100 WEST MONROE CHICAGO IL 606031967 ANDREW B DAVID 2011-02-04 true JAMES G QUAID 3126707444 2009 2016-02-24 21:20:13Z X ANDREW B DAVID 100 WEST MONROE SUITE 500 CHICAGO IL 606031967 2754023 false X WWW.DMSF.ORG X 1989 IL TO PROVIDE ACADEMIC ASSISTANCE AND EDUCATIONAL SUPPORT TO ECONOMICALLY DISADVANTAGED STUDENTS TO ENABLE THEM TO ATTEND PRIVATE COLLEGE PREPARATORY HIGH SCHOOLS. 15 15 15 200 0 2760214 2211461 0 0 -277516 178631 -14970 -12722 2467728 2377370 1128867 1208507 0 0 692190 733095 0 0 326693 569611 565118 2390668 2506720 77060 -129350 6189621 6104825 1267433 1312161 4922188 4792664 TO PROVIDE ACADEMIC ASSISTANCE AND EDUCATIONAL SUPPORT TO ECONOMICALLY DISADVANTAGED STUDENTS TO ENABLE THEM TO ATTEND PRIVATE COLLEGE PREPARATORY HIGH SCHOOLS. false false 1557681 1197429 FINANCIAL ASSISTANCE - THE FUND PROVIDES SCHOLARSHIPS AND OTHER FINANCIAL SUPPORT TO ECONOMICALLY DISADVANTAGED CHICAGO AREA STUDENTS ALLOWING THEM TO ATTEND LEADING PRIVATE AND PAROCHIAL HIGH SCHOOLS IN THE CHICAGO AREA AND TOP BOARDING SCHOOLS ACROSS THE COUNTRY. DURING 2010 AND 2009, THE FUND SERVED 335 AND 378 SCHOLARS, RESPECTIVELY. 173723 11078 SUMMER OPPORTUNITIES, INCLUDING THE CADDIE PROGRAM - THE OBJECTIVE OF THE SUMMER OPPORTUNITIES PROGRAM IS TO PRESENT SCHOLARS WITH SUMMER JOB OPPORTUNITIES, INTERNSHIPS, CULTURAL AND STUDY ABROAD PROGRAMS, SPORTS PROGRAMS AND COMMUNITY SERVICE PROGRAMS. AS PART OF THE SUMMER OPPORTUNTIES PROGRAM, THE FUND PROVIDES SUMMER GOLF CADDIE EMPLOYMENT OPPORTUNITIES FOR SCHOLARS. SCHOLARS LIVE IN COLLEGE DORMS AND CADDIE AT NEARBY COUNTRY CLUBS, EARNING INCOME, GAINING WORK EXPERIENCE AND DEVELOPING LIFE SKILLS. 109659 COLLEGE COUNSELING - THE FUND WORKS WITH SCHOLARS THROUGHOUT THEIR FOUR YEARS IN HIGH SCHOOL AND MOST INTENSIVELY IN THEIR JUNIOR AND SENIOR YEARS, ASSISTING THE SCHOLARS AS THEY SEARCH FOR AN APPROPRIATE COLLEGE. DURING 2010 AND 2009, 100% OF THE SCHOLARS WHO GRADUATED HIGH SCHOOL ENROLLED IN COLLEGE. 10567 MENTORING 83731 BRIDGE TO EXCELLENCE 19630 TUTORING 113928 1954991 true true false false false false false false true true true false false false false false false false true false false false true false false false false false false false false false true false false false false false false false false true 15 0 15 true false false false false false true true false false false false false false 15 15 true false false false false false false true true false false true true true true true true true true false IL X ANDREW B DAVID 3124557800 100 WEST MONROE SUITE 500 CHICAGO IL 606031967 ROBERT J COONEY 5.0 X X 0 0 0 THOMAS J DWYER 5.0 X 0 0 0 SCOTT KILREA 5.0 X 0 0 0 ROGER S MCENIRY 5.0 X 0 0 0 LEE E TENZER 5.0 X 0 0 0 PETER WRENN 5.0 X 0 0 0 DAVID SHAW 5.0 X X 0 0 0 JAMES R EPSTEIN 5.0 X X 0 0 0 MARY O'LEARY 5.0 X 0 0 0 LORETTA COONEY 5.0 X 0 0 0 MICHAEL MILLHOUSE 5.0 X X 0 0 0 WILLIAM R TOBEY 5.0 X 0 0 0 JUSTIN FOLEY 5.0 X 0 0 0 JEROME B JOHNSTON 5.0 X 0 0 0 NANCY VAN GRINSVEN 5.0 X 0 0 0 ANDREW B DAVID 60.0 X 140767 0 233 140767 0 233 1 false false false 0 745454 1466007 149178 2211461 0 71611 71611 0 0 167939 60919 107020 107020 107020 303012 745454 315734 -12722 0 0 0 2377370 178631 0 1208507 1208507 0 0 147000 55125 42880 48995 0 483793 288185 32527 163081 9527 5185 1139 3203 38095 20731 4556 12808 54680 29757 6540 18383 0 0 0 0 0 27851 27851 125964 76854 43490 5620 0 26850 2123 18338 6389 13111 7135 1568 4408 0 98348 53522 11761 33065 10772 10125 631 16 0 10796 4498 3725 2573 0 0 9131 4969 1092 3070 15580 8478 1864 5238 ACTIVITIES 7441 7105 336 AWARDS 500 500 PROVISION FOR DOUBTFUL A/C'S 15987 15987 COLLEGE FAIRS AND TRIPS 637 637 DUES AND MEMBERSHIP FEES 2277 1970 307 199873 169585 10780 19508 2506720 1954991 225036 326693 X 103921 95369 1191758 1067589 1796112 1175155 30000 102300 21384 13206 141035 106484 33682 34551 2999845 3586174 12919 30481 6189621 6104825 143098 117477 1112195 1194684 12140 0 1267433 1312161 X 2545586 2809412 2376602 1983252 4922188 4792664 6189621 6104825 X false true true X false X 2009488 2479897 4692681 2098549 2211461 13492076 2009488 2479897 4692681 2098549 2211461 13492076 1594206 11897870 157919 188655 76184 -277516 178631 323873 -14377 -37807 -29862 -14970 -12722 -109738 13706211 0.86806 0.88416 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3034739 467391 116044 32000 3586174 2605770 559450 -130481 3034739 0.80000 0.20000 false false 141035 106484 34551 34551 2377370 2506720 -129350 -174 -174 -129524 2364760 -174 15415 15241 2349519 27851 27851 2377370 2494284 15415 15415 2478869 27851 27851 2506720 ENDOWMENT PART V QUESTION 4 DANIEL MURPHY SCHOLARSHIP FUND MAINTAINS TWO ENDOWMENT FUNDS. THE FIRST ENDOWMENT FUND IS EXECUTIVE COMMITTEE DESIGNATED. THESE FUNDS WILL GROW IN PERPETUITY WHILE GENERATING ANUAL SPENDING ALLOWANCES TO SUPPORT FUND OPERATIONS AND PROGRAMS. THE FUND IS ENTITLED TO EXPEND AN AMOUNT EQUAL TO NO MORE THAN 5% OF THE AVERAGE MARKET VALUE OF THE ENDOWMENT OVER THE EIGHT MOST RECENT FISCAL QUARTERS. THE FUND ALSO HAS A DONOR RESTRICTED ENDOWMENT THAT IS A TERM ENDOWMENT. ON AN ANNUAL BASIS, THE FUND CAN EXPEND THIS ENDOWMENT TO COVER A FIXED NUMBER OF SCHOLARSHIPS. GOLF OUTING 847021 616639 230382 204086 FALL GALA 183524 128644 54880 103112 1 17921 171 17750 8536 1048466 745454 303012 315734 315734 -12722 true SCHOLARSHIPS AND TRAVEL BENEFITS - SCHOLARS 320 1208507 SCHEDULE I PART I QUESTION 2 DANIEL MURPHY SCHOLARSHIP FUND PAYS TUITION DIRECTLY TO SCHOOLS ON BEHALF OF THE SCHOLARS. SO WHILE THE GRANTS ARE FOR THE SCHOLARS, THEY DO NOT CONTROL HOW THE MONEY IS SPENT. THE FUND MONITORS THE SCHOLARS' GRADES THROUGHOUT THEIR TENURE AS A DANIEL MURPHY SCHOLAR. X 14 139178 SALES PRICE X OFFICE FURNITURE 1 10000 FMV 0 false true true Schedule M LINE 32B DANIEL MURPHY SCHOLARSHIP FUND HAS A STOCK BROKER WHO SELLS ALL STOCK DONATIONS UPON RECEIPT. FORM 990 PART VI QUESTION 2 - ROBERT J. COONEY, DANIEL MURPHY SCHOLARSHIP FUND'S CURRENT PRESIDENT, IS MARRIED TO LORETTA COONEY, WHO IS ON THE EXECUTIVE COMMITTEE. NANCY VAN GRINSVEN, WHO IS ON THE EXECUTIVE COMMITTEE, IS MARRIED TO MARK VAN GRINSVEN, WHO IS ON THE ADVISORY BOARD. QUESTION 11A - AFTER FORM 990 IS PREPARED BY THE FUND'S CPA FIRM, IT IS REVIEWED BY DANIEL MURPHY SCHOLARSHIP FUND'S EXECUTIVE DIRECTOR, PRESIDENT, AND TREASURER BEFORE BEING FINALIZED. A COPY IS PROVIDED TO THE FUND'S GOVERNING BODY BEFORE IT IS FILED WITH THE IRS. QUESTION 12 - THROUGH THE EFFORTS OF THE EXECUTIVE DIRECTOR, ALL CONFLICTS OF INTEREST ARE BROUGHT TO THE ATTENTION OF THE OFFICERS AND THE EXECUTIVE COMMITTEE AS SOON AS THEY ARISE. QUESTION 15 - DANIEL MURPHY SCHOLARSHIP FUND HAS A COMPENSATION COMMITTEE, CHAIRED BY THE PRESIDENT, THAT SETS ALL EMPLOYEE COMPENSATION. THE EXECUTIVE DIRECTOR MAKES RECOMMENDATIONS REGARDING SALARIES, OTHER THAN HIS OWN, AND PROVIDES COMPARABLE DATA AS AVAILABLE. THE COMMITTEE'S DECISION IS REFLECTED IN EMAILS AND SPREAD SHEETS THAT ARE CIRCULATED AMONGST THE COMMITTEE. QUESTION 19 - THE FUND MAKES ITS DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND PUBLISHES ITS FINANCIAL INFORMATION ON ITS WEBSITE. COMPENSATION OF OFFICERS, DIRECTORS, TRUSTEES,... PART VII THE FOLLOWING PERSONS WERE LISTED AS DIRECTORS ON THE PRIOR YEAR RETURN AND EITHER DROPPED-OFF THE BOARD OR REMAIN AS ADVISORY BOARD MEMBERS: ROBERT M MURPHY, VIOLET CLARK, AND BRADLEY R KREY. IN ADDITION TO THE LISTING ABOVE, THE FOLLOWING PERSONS ARE ON THE FUND'S ADVISORY BOARD: JORGE L ALONSO, CHRISTOPHER G BOEHM, DOUGLAS BROWN, MICHAEL T BYRNE, WHEELER COLEMAN, THEODORE E CORNELL III, JACQUELINE DAGGETT,WARREN DEMAIO, JAMES DOHERTY, STEPHEN E ELKINS,CHUCK GATELY, GREG GILES, TONY GOODMAN, DR. CATHERINE H GOTTFRED, DAVID D GRUMHAUS, BRUCE HAGUE, CRAIG W HENDERSON, JOHN B HOEFLICH, LAWRENCE HOLLINS, JAMES S KAPLAN, THOMAS P KEARNEY, PATRICK KEMPTON, EILEEN MITCHELL, DAVID P MURAWSKI, BETSY S MURPHY, JAMES K MURPHY, MARLENE NEI, LOIDA ROSARIO, JOHN R RUSSELL, MICHAEL J SACKS, ROBERT M THOMAS, MARK J VAN GRINSVEN, AND ALLEN WEAVER. FORM 990 PART IX LINE 24 F(ALL OTHER EXPENSES) TOTAL PROGRAM MANAGMENT FUNDRAISING STAFF DEVELOP 1,998 1,548 450 STUDENT ASSISTANCE 2,523 2,523 BACKGROUND CHECKS 1,734 1,734 CADDIE - ROOM/BOARD 95,144 95,144 MISCELLANEOUS 45,437 15,599 10,330 19,508 TEST PREP 6,818 6,818 TUTORING 16,295 16,295 RECRUITING 29,924 29,924 TOTAL 199,873 169,585 10,780 19,508